Pierre Duguay - Latest

• November 19, 2015

  Measuring Durable Goods and Housing Prices in the CPI: An Empirical Assessment

  Bank of Canada Review - Autumn 2015 Patrick Sabourin, Pierre Duguay

  While the CPI is the most commonly used measure to track inflation, it is not fully consistent with a true cost-of-living index (COLI). Although the official treatment of durable goods and housing in the CPI represents an acceptable compromise in the current environment of low and stable inflation, Sabourin and Duguay suggest that it would be worthwhile to consider treating housing and durables in the same way and bringing the actual CPI closer to a COLI. This could be accomplished by employing an enhanced user-cost approach to calculate the imputed cost of the services provided by the use of durable goods or housing.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Inflation and prices JEL Code(s): E, E3, E31, E5, E52
• May 26, 2010

  Senate Committee on National Finance

  Opening statement Pierre Duguay Senate Committee on National Finance Ottawa, Ontario

  At year-end 2009, there were 1.8 billion bank notes in circulation, with a total value of $55.5 billion – approximately $1,630 per Canadian. The Bank of Canada is not responsible for coins. Decisions on coinage rest with the federal government, in particular, the Department of Finance, and with the Royal Canadian Mint.

  Content Type(s): Press, Speeches and appearances, Opening statements
• February 8, 2010

  Promoting Canada’s Economic and Financial Welfare

  Presentation Pierre Duguay Lévis Chamber of Commerce Lévis, Quebec

  Content Type(s): Press, Speeches and appearances, Presentations
• March 5, 2009

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Pierre Duguay House of Commons Standing Committee on Finance Ottawa, Ontario

  As we have consistently emphasized, stabilization of the global financial system is a precondition for economic recovery, both globally and in Canada. To that end, policy-makers around the globe have acted aggressively and creatively by initiating a series of unprecedented actions aimed at stabilizing the global financial system.

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 8, 2009

  Financial Stability through Sound Risk Management

  Remarks Pierre Duguay Risk Management Association, Toronto Chapter Toronto, Ontario

  The extraordinary turmoil of 2007 and 2008 has brought to the fore many issues and challenges, most of which will be with us for some time as we deal with what has become the deepest financial crisis since the 1930s. Policy-makers around the world have taken bold and timely steps to deal with the financial instability and economic crisis, but it will take time for confidence to be restored and for markets to become fully functional again.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 27, 2008

  Fostering Financial System Stability

  Remarks Pierre Duguay Pictou County Chamber of Commerce Pictou, Nova Scotia

  The Canadian financial system has fared relatively well through this crisis, thanks to effective regulation and prudent practices that have worked like sandbags to protect our financial system from the storms in today's global economy.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 10, 2008

  The Quest for Confidence: 400 Years of Money – from La Nouvelle France to Canada Today

  Remarks Pierre Duguay students and faculty of Laval University Québec, Québec

  As we celebrate the 400th anniversary of the founding of Quebec, I thought it would be fitting for me, as a central banker, to take a look at how money has evolved over part of the past four centuries.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 20, 2007

  Managing Risks to Financial System Stability

  Remarks Pierre Duguay CFA Québec Québec, Québec

  The recent dislocations in credit markets have brought these issues into sharp focus. Among other things, the market turbulence has highlighted the critical role that confidence and liquidity play in financial markets.

  Content Type(s): Press, Speeches and appearances, Remarks
• August 27, 2007

  The Bank of Canada's Research Agenda and the Future of Inflation Targeting

  Remarks Pierre Duguay Canadian Association for Business Economics Kingston, Ontario

  The last few weeks have been a time of turbulence in financial markets. In times such as these, it is common for people to focus on day-by-day or even hour-by-hour events, and to lose sight of the future. But tonight, I want to focus on the future; specifically, the future of inflation targeting in Canada.

  Content Type(s): Press, Speeches and appearances, Remarks
• August 28, 2006

  Productivity, Terms of Trade, and Economic Adjustment

  Remarks Pierre Duguay Canadian Association for Business Economics Kingston, Ontario

  The Bank of Canada is keenly interested in productivity - for a number of reasons. Productivity gains are a key determinant of growth in potential output and, hence, of Canada's sustainable pace of non-inflationary economic expansion.

  Content Type(s): Press, Speeches and appearances, Remarks